Question: On December 1 , 2 0 2 4 , MXN / USD . 0 6 ( point 0 6 ) . On December 4 ,
On December MXNUSD point On December the MXNUSD currency exchange rate shifted to point Based on these date points, please select the most complete and accurate answer choice below. See instructions re: concept of "converse relationship."
A
The Mexican Peso appreciated against the USD. As a Mexican importer of goods from the US this is not good news. This means that the Mexican importer of goods from the US will have to use more units of Mexican Pesos to purchase goods from the US
B
The Mexican Peso depreciated against the USD. As a Mexican exporter of goods to the US this is good news. This means that the US importer will have to use fewer US dollars to purchase goods from Mexico, which will encourage the US importer to purchase more goods from Mexico.
C
The Mexican Peso appreciated against the USD. As a Mexican exporter of goods to the US this isn't necessarily good news. This means that the US importer will have to use more US dollars to purchase goods from Mexico, which may deter the US importer from importing goods from Mexico.
D
The Mexican Peso depreciated against the USD. As a Mexican exporter of goods to the US this isn't necessarily good news. This means that the US importer will have to use more US dollars to purchase goods from Mexico, which may deter the US importer from exporting goods to Mexico.
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